Gbpjpy_outlook
gbpjpy buy setup 167.94 target nextgbpjpy buy setup 167.94 target next
we can see gbpjpy is in bull trend we can predict that gbpjpy can hit our target according to technical analysis.
trade on your own risk with 1% risk for better trading.
follow me
like the idea
comment your love feedback
share idea with friends on every social media
more love, feedbacks will give me more energy to share more analysis thanks
#GBPJPY- OVERVIEW NO STRONG CONFIRMATION-Due to weaker DXY , JPY dominated the last few days, price have dropped significantly, however. expecting bullish pattern to occur on DXY and that will help JPY pairs to fill up the liquidity voided area.
-As it described on the chart that price may come down to 137.60 region to retest that area and then bounce from there, however, it may not come down to that region and just continue the bullish momentum from today's close.
-Long term view on HBPJPY is bearish , in our opinion price have significantly shown bullish impulse and has taken price to an extreme and exhausted level, longer term it should come down to 150.
-What you all think?
LIKE AND FOLLOW!!!
Bears before Bulls From a much higher TF price still have the bullish momentum hence the original bullish bias but while waiting if a clear entry is given to short the pair before going with the bulls,we strike
That being said hence the double bias analysis on the chart
Remember the trend is your friend
GBPJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPJPY 27/12/2022Price after a huge bearish run, formed a small structure with a resistance at 160.984 & support at 160.121. so if price closes above the resistance then it might continue pushing up correcting some of the bearish run to retest 162.267 or all the way to 163.020.
And if price respects the resistance & closes below the recent support, then it might continue pushing down towards 159.442 or even below continuing the huge bearish run.
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY
- According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was FUNDAMENTALLY STRONG JP10Y STRONG JPY STRONG causing GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week.
- JPY has become somewhat STRONG as VIX is slightly UO. Due to this, STOCKS and XXXJPY CURRENCY were slightly SELL. GBPJPY also SELL because of that. But now there is a bit of RISK ON BIAS. Therefore, GJ can be BUY in the future.
- Currently GBPJPY LONG TERM can move up to the LEVEL 169.05. Also, according to the GBPJPY STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 155.76 to the SUPPORT LEVEL. gbpjpy
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Currently, the MARKET is somewhat RISK ON. Therefore, XXXJPY will be a BUY in the future. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY
- According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was, FUNDAMENTALLY JPY STRONG, GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week.
- JPY has become somewhat WEAK because VIX is slightly DOWN. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became BUY because of that. But now there is a RISK ON BIAS. Therefore, GJ can be BUY in the future.
- Currently GBPJPY LONG TERM can move up to the LEVEL 173.00. Also, according to the GBPJPY STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 165.928 to the SUPPORT LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. A BOJ INTERVENTION MAY NOT HAPPEN AGAIN. Currently the MARKET is RISK ON. Therefore, XXXJPY should be BUY. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
After inducement/liquidity we short Inducement and liquity have been built up ,here majority of retail traders like you and I have either open orders or pending which may have been activated .
The Smart money guys sit right on their hands waiting for all the money to be swept out then they shot their short
Remember this season is for profit taking
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY
- According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was, FUNDAMENTALLY JPY STRONG, GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week.
- JPY has become somewhat WEAK because VIX is slightly DOWN. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became BUY because of that. But now there is a RISK ON BIAS. Therefore, GJ can be BUY in the future.
- Currently GBPJPY LONG TERM can move up to the LEVEL 172.012. Also, according to the GBPJPY STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 162.55 to the SUPPORT LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. A BOJ INTERVENTION MAY NOT HAPPEN AGAIN. Currently the MARKET is RISK ON. Therefore, XXXJPY should be BUY. Therefore, pay attention to the CURRENT MARKET SENTIMENT.
20 Reason For short GBPJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Extremely Bear, But Current Move is lower high
2 📆Monthly: Clear bull trend at monthly
3 📅Weekly: A strong Order block at the previous top after its price goes higher low
4 🕛Daily: A clean intra-bear trend take resistance at 1st higher low, and 3rd one is started
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: bear
6: 2 Pattern Candle Chart: high momentum candle /double top
7: 3 Volume: High volumes on bearish candles good for the bear
8: 4 Momentum UNCONVENTIONAL Rsi: Resistance at 60 but current momentum sideways
9: 5 Volatility measure Bollinger bands: Squeeze
10: 6 Strength ADX: Bears are gaining strength
11: 7 Sentiment ROC: GBP is much stronger than JPY, but the current move is resistant in the big time frame
✔️ Entry Time Frame: H4
12: Entry TF Structure: change of ch and the clear bearish trend is established
13: entry move: Impulse
14: Support resistance base: previous OB Gap opening
15: FIB: done
☑️ final comments: sell right now
16: 💡decision: sell
17: 🚀Entry: 166.840
18: ✋Stop losel:167.856
19: 🎯Take profit: 161..50
20: 😊Risk to reward Ratio: 1:6
🕛 Excepted Duration: 5 days
GBPJPY Trading in Channel Pattern GBPJPY Trading in Channel pattern. So you can trade in this area according to high & low. GBPJPY need high volume to break the channel from up or down. Looking the confirmation point to trade.
GBPJPY traders trade with risk management I updated you about market movement.
Keep like, share and support me
GBPJPY 21/11/2022Price currently retested a major support at 166.101. after which it faced some price rejection & went up to make some pullback. Now price also has some resistance at 166.668. so if price continues to respect the resistance & closes below the previous low or support, then price might continue pushing down towards next supports at 165.728 or 165.134.
GBPJPY 18/11/2022Price after a retest on a HTF key zone at 166.873, starting to face some price rejection while facing resistance at 166.873 & support at 166.291. so if price closes below the support, then we can expect price to continue pushing down towards the next key zone at 165.730 or 165.156.
Similarly if price closes above the resistance then we can expect price to continue pushing up towards next key level at 167.383.
GBPJPY Next Possible Move#GBPJPY ( British Pound / Japanese Yen )
- Following Strongly the Trend of BEARISH TRENDLINE and Rejection from it
- Rejecting from the DEMAND ZONE
- Support Level Reacting as the RESISTANCE LEVEL
- Selling Divergence
- Expanding Diagonal as a Corrective Pattern in Short Time Frame #STF
GBPJPY Weekly Analysis 14/11/2022 to 18/11/2022The price seemingly making another swing low in between the HTF uptrend channel while facing strong support at 163.182 & HTF resistance at 166.256. now if price is to continue pushing down it shouldn't breakout of the HTF resistance. so if price breaks the support while respecting the resistance, then price might continue to push down to the next support zone at 160.946 or 159.749 and also make a retest on the HTF uptrend channel with a deep retracement move. However if price closes above the resistance, then short opportunity on HTF would be invalid.
GBPJPY - FUNDAMENTALS WITH SECHNICAL BIAS#GBPJPY
- According to the GBPJPY analysis we gave the previous day, the GBPJPY SELL SIDE WAVE was moving very well in the previous days. The reason for that was, FUNDAMENTALLY JPY STRONG, GBP WEAK. And because the MARKET SENTIMENT is STRONG. XXXJPY has been selling very fast since last week.
- JPY has become somewhat WEAK because VIX is slightly DOWN. Due to this, STOCKS and XXXJPY CURRENCY were slightly BUY. GBPJPY also became BUY because of that. But now there is a RISK ON BIAS. Therefore, GJ can be BUY in the future.
- Currently GBPJPY LONG TERM can move up to the LEVEL 173.00. Also, according to the GBPJPY STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 162.56 to the SUPPORT LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. A BOJ INTERVENTION MAY NOT HAPPEN AGAIN. Currently the MARKET is RISK ON. Therefore, XXXJPY should be BUY. Therefore, pay attention to the CURRENT MARKET SENTIMENT.